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BlackBerry Co-Founder Cuts Stake to Under Five Percent

Published on December 25, 2013
by Ben Dummett

TORONTO — BlackBerry Ltd. co-founder Michael Lazaridis disclosed in a regulatory filing Tuesday he cut his combined stake with another company co-founder in the smartphone maker to just under five percent, and indicated he doesn’t plan to pursue a joint bid to acquire the company outright.

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